Business, 01.08.2020 23:01 dinapearce6078
The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely. If the stock sells for $58 a share, what is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
Answers: 2
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The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company is expecte...
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